Cardinal Point Capital Management ULC Purchases 72,601 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Cardinal Point Capital Management ULC bought a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 72,601 shares of the transportation company’s stock, valued at approximately $10,742,000. Cardinal Point Capital Management ULC owned 0.06% of C.H. Robinson Worldwide at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Vann Equity Management LLC bought a new position in shares of C.H. Robinson Worldwide during the 3rd quarter worth approximately $641,000. CWS Financial Advisors LLC acquired a new stake in shares of C.H. Robinson Worldwide in the third quarter valued at approximately $1,352,000. Argent Capital Management LLC acquired a new stake in shares of C.H. Robinson Worldwide in the first quarter valued at approximately $5,017,000. Cravens & Co Advisors LLC bought a new stake in shares of C.H. Robinson Worldwide in the third quarter worth $1,242,000. Finally, Birch Hill Investment Advisors LLC bought a new stake in shares of C.H. Robinson Worldwide in the third quarter worth $809,000. 93.15% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CHRW. Wall Street Zen upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research note on Wednesday, October 14th. BMO Capital Markets reduced their price objective on shares of C.H. Robinson Worldwide from $190.00 to $160.00 and set a “market perform” rating for the company in a research note on Friday, October 16th. Citizens Jmp started coverage on C.H. Robinson Worldwide in a report on Wednesday, July 15th. They issued a “market perform” rating and a $235.00 price objective for the company. Stifel Nicolaus set a $209.00 target price on C.H. Robinson Worldwide in a research report on Thursday, October 8th. Finally, JPMorgan Chase & Co. lowered their target price on C.H. Robinson Worldwide from $225.00 to $198.00 and set an “overweight” rating on the stock in a research report on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and an average target price of $190.00.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $140.95 on Thursday. The stock has a market cap of $16.47 billion, a P/E ratio of 26.90, a PEG ratio of 1.17 and a beta of 0.94. The stock has a 50 day simple moving average of $146.81 and a 200 day simple moving average of $167.31. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04. C.H. Robinson Worldwide, Inc. has a 1-year low of $125.35 and a 1-year high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.53 by $0.08. The company had revenue of $4.93 billion for the quarter, compared to analysts’ expectations of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The business’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same period last year, the firm earned $1.29 earnings per share. Research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were paid a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.52 annualized dividend and a yield of 1.8%. C.H. Robinson Worldwide’s payout ratio is presently 48.09%.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain resources. The company arranges the movement of freight by truckload, less-than-truckload, intermodal, ocean and air transportation, serving businesses across a range of industries.

Its services include freight brokerage, transportation management, logistics consulting, customs and trade support, shipment tracking, and technology-enabled supply-chain solutions.